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Top Ten Work Comp New Years Resolutions 2017 Version with Bonus

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Top Ten Work Comp New Years Resolutions 2017

The Top Ten Work Comp New Years Resolutions 2017 started a few years ago .   I have updated them each year.   You can find those resolutions here using this search inside the J&L Risk Management articles.     There are many resolution articles from the prior years.    2017 requires a new list.    I will do a self insured list very soon.

Graphic Of Top Ten Work Comp New Years Resolutions 2017 Sunset Background
(c) 123RF

Follow the links in the articles for more information.

  1.  Understanding the mechanics of the WC process – from the start of the policy renewal until final premium audit – read everything that has to do with the policy.  Most of the process is laid out in the policy.  A highlighter is your best tool.
  2. Following the Six Keys to Workers Comp Savings – the prior link has all of them.
  3. Knowing where every dollar is going when you write a premium check – Old Motto – Stop Just Writing Checks
  4. Having your Workers Comp Rating Bureau Experience Mod Worksheets at your fingertips – can change often in one year.
  5. Retaining your WC info permanently – electronic media is the easy way to go – scans are best
  6. Knowing the adjusters that work on your files beyond just a name
  7. Letting the Adjuster know that you follow the Six Keys in #2 above.
  8. Relating to #1 – Understanding your Unit Statistical Date to not waste time at the end of the year.
  9. Not renewing policies on January 1st or July 1st.
  10. Reading the newsletter that J&L provides almost every week.   You may sign up at the top right of this page.
  11. Bonus – having a working relationship with your agent, not just at renewal.
  12. Another Bonus – take any class or attend any meeting or seminar that your insurance carrier offers to you.
  13. Last Bonus – Safety is the key to staying out of the Work Comp system.
Graphic Top Ten Work Comp New Years Resolutions 2017 Electronic Media
Wikimedia Commons – NCurse

If you notice the main theme is having working relationships in Workers Comp.  Communication has always been the bedrock for reducing costs and preventing injuries.

Please feel free  to use this blog as a reference source.  That is why I have written over 1,620 articles.  The Top Ten Work Comp New Years Resolutions 2017  is just the tip of the iceberg.

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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